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Gurit achieved net sales of CHF 205.7 million during the first nine months of 2013. While this reflects a decline of 28.3% over the respective prior-year period, Gurit continues its recovery from the disappointing first six months and grew its overall sales in Q3 by 10.6% over Q2.
The recovery was achieved in all Composite Materials target markets, including Wind Energy. Sales to the Wind Energy industry continued to suffer from overcapacities in Asia and some project postponements in Europe, but have been very successful in the Americas. Net sales to the wind industry was CHF 86,4 million during the first nine months of 2013, a decrease of 51,3% compared to the first nine months of 2012. Compared to Q1 and Q2 2013 sales increased from CHF 23,5 million and CHF 30,9 respectively to CHF 32 million in Q3 2013.
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